Saturday, February 21, 2009

More Renewable Energy Tax Incentives

State, as well as the Federal governments are making it more attractive to build and remodel "green". Besides the Federal incentives that were added on in October 2008 to the "Rescue Plan" and the ones in the "Stimulus plan" just singed last week, Michigan has a bill (HB 4004)introduced that will allow taxpayers to claim an income tax credit if they purchase and install a residential renewable energy system at their principal residence or residential rental property. The credit would be equal to 50 percent of the total cost to purchase and install the residential renewable energy system. I hope it passes!

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